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1、CHINA’SSTOCKMARKETOTHERECONOMISTBOOKSGuidetoAnalysingCompaniesGuidetoBusinessModellingGuidetoEconomicIndicatorsGuidetotheEuropeanUnionGuidetoFinancialMarketsGuidetoManagementIdeasNumbersGuideStyleGuideBusinessEthicsEconomicsE-CommerceE-TrendsGlobalisationMeasuringBusinessPerforma
2、nceSuccessfulInnovationSuccessfulMergersWallStreetDictionaryofBusinessDictionaryofEconomicsInternationalDictionaryofFinanceEssentialDirectorEssentialFinanceEssentialInternetEssentialInvestmentPocketAsiaPocketEuropeinFiguresPocketWorldinFiguresCHINA’SSTOCKMARKETAGuidetoitsProgress
3、,PlayersandProspectsStephenGreenTomyfamilyandfriendsTHEECONOMISTINASSOCIATIONWITHPROFILEBOOKSLTDPublishedbyPro?leBooksLtd3aExmouthHouse,PineStreet,Londonec1r0jhCopyright?TheEconomistNewspaperLtd2003Textcopyright?StephenGreen2003Allrightsreserved.Withoutlimitingtherightsundercopyr
4、ightreservedabove,nopartofthispublicationmaybereproduced,storedinorintroducedintoaretrievalsystem,ortransmitted,inanyformorbyanymeans(electronic,mechanical,photocopying,recordingorotherwise),withoutthepriorwrittenpermissionofboththecopyrightownerandthepublisherofthisbook.Thegreat
5、estcarehasbeentakenincompilingthisbook.However,noresponsibilitycanbeacceptedbythepublishersorcompilersfortheaccuracyoftheinformationpresented.WhereopinionisexpresseditisthatoftheauthoranddoesnotnecessarilycoincidewiththeeditorialviewsofTheEconomistNewspaper.TypesetinEcoTypebyMacG
6、uruinfo@macguru.org.ukPrintedinGreatBritainbyCreativePrintandDesign(Wales),EbbwValeACIPcataloguerecordforthisbookisavailablefromtheBritishLibraryISBN1861976658ContentsListof?guresviiListoftablesviiiAcknowledgementsxPrefacexiii1Introduction1EconomicreforminChina2Whyisastockmarketi
7、mportant?3China’sstockmarket4Openinguptotheworld62AbriefhistoryofChina’sstockmarket9Theshareholdingreforms,1984–899Settingupthestockexchanges,1989–9011Stockmarketfever,1992–9312Twodullyearsandascandal,1994–9518Apromisingbutfalsestart,1996–9721Growthwiththecsrcincharge,1998–200223
8、China’sstockmarkettoday26China’sstockmar
